The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-27
CATTLE m0N0P0LISTS.
Hsw . Glut Ii Produced In the
4srket
The wrssEs Perps'rstsa Upon the
Producer and Consumer
EAtimssed supply.

CHICAGO, Ill, August 26.-The
Tribune this morning hsss long arti-
c'e on the dressed beef ring, and how
1t is prof Ing by the low price Of cat.
tie. It says Il Is assumed In many
quarters that beef famine is not far
away. Estimates as TO the destruc-
ton OF cattle in the North west lsst
winter a'c that in Montana there were
about 100000 head, in Idaho about
100000, In Wyoming about 5000, in
Colorado about $1,000, or $4,000 In
all. During the summer, on sccoupt
Of the excessive drouth, It is estimated
that the iosses In the beef producing
Stat Q and Territories, such as Illinois.
lows, Missouri, Kanesp, New Mexico.
Texas, Npbraeks, Minnesota and Da.
kota, swell the total TO 100000 head
OF beeves. Many, however, assert that
these figures are far too high. Bot
this lie not the main fact which indi.
Gates future famine. II Ia now known
that from 30 to 70 per cent. lees of
calves were born this sping than 10
usual, owing to climatic causes, which
must have IT. effect In time To this
must DO added the fact that cattle pro.
ducers have been rushing their sur
vivine stock on the market at an un.
paralleled rate, and tina, from these
and other csuees rsnchmen are dIs.
eouraged and are going out
OF husinoss. Those who are Oh.
poted 70 this view argue
that there are still 2s.OOO 1)O0
beeves and 13,000,0O0 mich cows In
the country. The bulk Of these, how.
ever, enter into local coneum ptlon and
use. A great uneasiness, such ~ has
never bebure characterized the cattle
businees, Ia manifest In business cir
eles. The producer finds not dollar
Of profit, and more often heavy lossel
charged against his account. The
merket price has been low on account
OF toe Rlut, Tor In Chicago alone over
100000 head OF cattle have been thrust
on the market la the last thirty dsys.
10 order TO get Information on the
cattle question, fully 100 authorities
have been consulted. covering the on.
tire productive area, and the views Of
these men, together with the facts OBJ
tained, are brought together. Only
the commission man, with his hands
full OF business, seems happy. The
producer 10 peesmistlc. Tae stock
yards were never In q state OF greater
activity. The receipts In q single day
have been 1880 head Of cattle. the
largest known. Rangers from all paris
Of the country sbound, and esch one
has different story 10 tell. The yards
are ova1owing with stock. Money Ia
In great demand, and pricss are regu.
lated according 10 ihe necessity Tor |
eash Of the producers. While come
seeves sre In fine condition, tbs |
generality are thin and thirst starved |
stock, One thing that impreeses the |
consumer Ia that be gets beef no |
eheaper because the prodocer sells Il |
Dor 80 little. Who ID II gets the big |
sum between the price paid by the
producer and the consumer II In
hinted BY ranohmen that Il Ia a
dresstd beef monopoly. Interstate
commerce laws have no terrors Tor
these dressed beef men. The low price
81 beef 10 their opportunity. u they
iAil % keep beef down they will quickly |
puTshsse oil that IL offered for future
delivery. These menopolists lash
both sidee, the producer aud con.
sumer alike. On every bullocs there
b prof, Of go TO the dressed beei
monopoly. and either loss or an even
,hirs for tho producer. The CON.
sumer pays monopoly the extra $40
pruh,.